Penniesplus

 

 Save your Pennies, Plus learn to live on a Budget !

 
Print the following list and fill in as much as you know about all your income and expenses.

After you listed all your information, add all your income and expenses and then subtract the expense from your income for the bottom line. If your expense is more than your income, review expenses and determine what can be reduced. Remember... you must spend less than you make, or there will be a problem. 
Frequency Column is how many times per year? (example: monthly quarterly, annually)
Amount is income or expense
Amt per month is calculated by using the frequency
and amount
 
How to calculate monthly:
      If the amount is already monthly, just list in the amt per month column 
      Otherwise, multiply the amount times the frequency to deterime yearly amount
      Divide the yearly amount by 12 to determine monthly amount     

INCOME:
.....Salary #1
.....Salary #2
.....Interest Income
.....Dividend Income
.....Rental Income
.....Other Income
TOTAL INCOME:

GIVING:
.....Tithe 10%
.....Other

DEDUCTIONS:
.....Fed 10%-30%
.....State __ %
.....Local __ %
.....FICA 7.65%
.....Insurance
.....Retirement/401K
NET INCOME:

EXPENSES:
1. House: 25-38%
.....Mortgage/Rent/HOA
.....Insurance
.....Taxes - County
.....Taxes - School
.....Electric
.....Heating
.....Water
.....Phone or Cell
.....Sewer
.....Garbage
.....Maint/Repairs
.....Other
2. Food: 12-17%
.....Groceries
.....Eating Out
.....Lunches
3. Clothes: 3-5%
.....Clothing
4. Autos: 12-15%
.....Payments
.....Gas
.....Insurance Car 1
.....Insurance Car 2
.....License and AAA
.....Maint/Repairs
.....Other
5. Ins: 0-5%
.....Life Policy 1
.....Life Policy 2
.....Medical
.....Disability
.....Other
6. Debts: 0-5%
.....Credit Card
.....Loans
.....Home Equity
.....Other
7. Savings: 5-8%
.....Short Term
.....Long Term (College/Retire)
.....Investments 
8. Medical: 4-5%
.....Doctor
.....Dentist
.....Drugs
.....Eye Doctor
.....Other
9. Entertain: 5-7%
.....Newspaper/Magazines
.....Video Rentals
.....Cable TV
.....Internet Access
.....Activities
.....Babysitters
.....Vacation
.....Other
10. Gifts: 3-5%
.....Birthdays
.....Anniversary/Other
.....Christmas
11. Person1: 2-5%
.....Cash
.....Personal (Hair, etc)
.....Other
12. Person2: 2-5%
.....Cash
.....Personal (Hair, etc)
.....Other
13. Children: 0-10%
.....Day Care
.....Allowances
.....Tuition
.....Materials-Books
.....Transportation
14.Misc: 1-5%
.....Laundry/Cleaning
.....Cell Phone
.....Other
.....Other
15. Extra: 0-2%
.....Surplus
TOTAL EXPENSE:

.....Net Income
.....Total Expenses
.....The Bottom Line

  Frequency      Amount       Amt Per Mth
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GIVING
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DEDUCTIONS 
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HOUSING
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FOOD
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CLOTHES
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AUTO
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INSURANCE 
__________|___________|__________
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DEBT
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SAVING 
__________|___________|__________
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MEDICAL
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ENTERTAINMENT
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GIFT
__________|___________|__________
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PERSIONAL 1
__________|___________|__________
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PERSONAL 2
__________|___________|__________
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CHILDREN
__________|___________|__________
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 MISC
__________|___________|__________
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EXTRA
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